Aspiring for a Reinforced Tourism Post Pandemic-A Study

Aspiring for a Reinforced Tourism Post Pandemic-A Study

           Pavan Kumar S S ¹                         Dr Ramesh O Olekar ²

 Research Scholar ¹                                       Professor ²

Department of Studies in commerce ^{1, 2}

Vijayanagara Sri Krishnadevaraya University, Ballari.

Abstract:

The travel and tourism of India which is a whopping $121.9 billion market, contributed around 5 percent to GDP before pandemic. It is expected to recover fast and a greater growth is expected in 2022 owing to many facilities providing post pandemic.  Indian travel and tourism industry is expected toincrease of 0.16 CAGR to 512 billion (US Dollars) by 2029.

According to recent rumors, India's national ecotourism industry would grow by 20% to reach $11.6 billion by 2028 (from $2.2 billion in 2019). Similar to how foreign adventure tourism is expanding at a twenty percent CAGR, domestic voyage , which was appreciated at 30 crore US dollars prior to pandemic, is anticipated to exceed 200 crores US dollars in next decade or before. To draw in more international visitors, the industry must address issues like lax enforcement of safety regulations, an increase in the no. of casual voyage operative &  absence of substantial organization in some isolated areas.This report provides a comprehensive picture of the Corona effects on the nation’s sightseeing arena. In order to understand how the sector contributes to employment and GDP, it has examined the amount of sectoral activity. Finally, it has examined the revenue loss, particularly for families that are indirectly and directly linked in the tourism industry.

Keywords:Travel & Tourism, GDP, Sectoral activity, 360-degree perspective etc.,